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Is this like Seagate when they were shipping bricks instead of hard drives??
This is a potential "gray swan" for NVDA and the stock indices that NVDA has been propping up.
Is this like Seagate when they were shipping bricks instead of hard drives??
Chinese stocks rallied in the first day back from their long holiday, but disappointment that Beijing announced no further stimulus measures saw gains sharply pared and left Hong Kong with chunky losses.
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Looks like the short covering is occurring. Big pop to just under 12 on very heavy volume today. Sadly I never got to add to my position. Up around 30% on what I have though so can't complain.I bought some wolf speed last week. WOLF
Also a chip maker but different chips than the AI space. Really energy efficient chips for the EV market. 2 billion in cash and a lot of debt from revamping the manufacturing. Stocks been beaten down pretty good and revenues are projected to double to 1.6 billion by 2026.
I bought last week when I saw it pop. In at 9.03 then pulled way back into the high 7's. This is just a starter position as I accumulate over the next year or so. Huge pop today to well over 9. Also 30% shorts so I think if this gains momentum the short squeeze will be interesting if it occurs.
Unlike these high flyers, their books seem to be in order and plenty of cash on hand to service the debt.
... Anyone have an explanation for this?
Thats sort of what they said as well and then said it didn't affect my total value. When I said it most definitely did they then said not really because they add that value to the account at night. For now I will trust that is accurate but will definitely verify.Well first of all they didn't really steal any money. They are just intraday numbers that aren't really real. The gain/loss since opening should be accurate. Some brokers are starting to trade things (not real stock) overnight like robbingHOOD. There could also be weird bid/ask problems with options that have wider spreads.
I could see them doing things like this to try and make people feel worse.
Gold is increasingly attractive as other traditional "safe haven" assets face mounting risks, Bank of America strategists said.
The strategists said investors, including central banks, should rotate into the precious metal, which bulls tout as a hedge against inflation and debt debasement resulting from rising government borrowing.
"Gold looks to be the last 'safe haven' asset standing, incentivising traders including central banks to increase exposure," the strategists said in a Wednesday note.
They explained that with US debt expected to keep soaring, Treasury supply faces risks. At the same time, higher interest rate payments as a share of GDP will make gold an attractive asset in the next few years.
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The analysts reaffirmed their target of $3,000 an ounce for gold by the end of next year, which implies 11.1% upside from levels on Thursday.
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Central banks around the world have also increased their share of gold as a portion of total reserves. The Bank of America analysts note that gold now makes up 10% of central bank reserves, up from 3% a decade ago.
While true I don't think the banks are in any trouble. I listened to a podcast earlier that mentioned the banks are keeping like 3.5 trillion on deposit at the fed. The get a guaranteed return with 0 risk. So why lend it and take on risk? 3.5 trillion will cover a lot of deposits. Not everyone will run for the exits anyway. Most people just use plastic which will continue to work just fine unless the lights go out.
Until the fed decides it doesn't want to monetize anymore debt? Politicians don't talk about it because they don't have a clue how all of it works. Thats why they have meetings with the fed and ask a bunch of question. I think Maxine Waters is head of that committee. My guess is she could barely reconcile a checkbook let alone understand how debt works so the media never asks any questions of the politicians so as to avoid embarrassing them.It's not the banks... how long can this go on...?
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